Nord Stream disaster 2: Russia only loses money, Germany is fierce

Khánh Minh |

The cancellation of the Nord Stream 2 gas pipeline will only cost Russia money but Germany will suffer heavy losses, according to analysts.

On February 7, US President Joe Biden at a joint press conference in Washington with German Chancellor Olaf Scholz said that Washington is considering providing alternative energy to Europe to compensate for the potential shortage of liquefied natural gas (LNG) from Russia if the West imposes sanctions on Moscow over the situation in Ukraine.

President Joe Biden affirmed that the US could make up for "significantly" of the energy shortage.

However, former Canadian diplomat Patrick Armstrong told Sputnik: "C bouncing Nord Stream 2 would only cost Russia money but would actually cause damage to Germany and the US LNG would not be able to cover the shortage."

Mr. Armstrong pointed out that Germany is caught between the US's pressure to impose new economic sanctions on Russia and its natural advantage of having good relations with Moscow and importing much-needed energy.

"Germany in particular and Europe in general are being forced to face an issue they do not want to face. Their dependence on Washington will destroy them. The letter from Russia has pushed them to this choice," said Mr. Armstrong.

For three of the century, Germany has served US demands, and this attitude has been so profound that leaders in Berlin seem unable to challenge it, Mr. Armstrong commented.

I know where their best interests are, but I dont know what they will do compliance with the US has become a deep-lying element of German structures, he said.

Mr. Armstrong noted that Germany has been pushed into a energy dilemma due to repeated misunderstandings by US leaders of Russia's leaders and policies.

Armstrong said: Russia will not encroach on Ukraine unless it is for any other reason than not wanting to be stuck with the bill. However, he added that Russia would "destroy" Ukrainian forces if they invaded the self-proclaimed regions of Donetsk and Luhansk.

According to Mr. Armstrong, such a limited response will raise more complex questions for German leaders.

Famous military and historical strategist and retired US Army colonel Doug Macgregor believes that German Chancellor Olaf Scholz does not intend to harm the warm diplomatic and trade relations between Germany and Russia.

It seems that Chancellor Scholz will not put Nord Stream 2 at risk because of Germanys long-standing positive economic ties with Russia and the harmful effects of such actions on Berlins interests in reducing dependence on nuclear energy, Macgregor said.

However, Chancellor Scholz has just taken office and may be more concerned about challenging the US government, according to Mr. Macgregor.

"German Chancellor Olaf Scholz is a new signing to his job. He could see doing nothing ahead of events in Ukraine as risking Berlin's relationship with Washington," Macgregor said.

When put into operation, the $11 billion Nord Stream 2 will bring natural gas from Russia to Europe. The pipeline runs from Russia directly to Germany across the Baltic Sea, parallel to Nord Stream 1. Experts say Nord Stream 2 will not significantly increase Russia's natural gas exports to Europe, but it could redirect - meaning more natural gas will flow directly to Germany and could bypass other existing pipelines running through other European countries, most notably Ukraine.

The US considers the pipeline a geopolitical tool of Russia to undermine Europe's energy security and national security. Ukraine also sees this in the same direction and wants the gas pipeline to stop operating.

Khánh Minh
RELATED NEWS

Overview of the Nord Stream 2 Russian gas pipeline splitting the West

|

The $11 billion Nord Stream 2 gas pipeline is the focus of Russia-Western tensions, putting the US in a difficult position with some of its European allies, divided by other European countries and within the US.

Germany's internal division due to Russia's Nord Stream 2 gas pipeline

|

The German ruling coalition government disagreed over the Nord Stream 2 pipeline carrying Russian gas to Germany, which has been completed but not yet approved by Berlin.

Iran publicly confirms Russia's major support amid war with US - Israel

|

Iranian Foreign Minister publicly talks about Russia's role for the first time as conflict with the US and Israel enters its second week.

Nghe An still has more than 1,700 billion VND of capital for national target programs to be disbursed

|

Nghe An - Provincial People's Committee reviews and urges disbursement of capital for national target programs for the period 2021 - 2025 extended to 2026.

Determining voting areas in elections

|

Each constituency has from 300 to 4,000 voters. The constituency has an administrative scope smaller than the constituency and is determined by constituency.

Workers calculate how to save travel costs when gasoline prices rise

|

Gasoline prices increased by more than 27 thousand VND/liter, causing travel costs for many workers to increase significantly.

Russia unexpectedly benefits from sharp oil price increase

|

In just the first week of the Iran war, Russia emerged as an "early winner", when it could take advantage of the economic and geopolitical consequences of the conflict.

Israel hits Iranian oil depot

|

Israel's new airstrikes targeting oil depots in the Iranian capital have caused large fires and shook the city.

Ông Biden dọa "chấm dứt" Nord Stream 2 nếu xe tăng Nga tiến vào Ukraina

Thanh Hà |

Tổng thống Joe Biden tuyên bố, Mỹ sẽ "chấm dứt" đường ống dẫn khí đốt Nord Stream 2 nếu Nga xâm lược Ukraina.

Overview of the Nord Stream 2 Russian gas pipeline splitting the West

Ngọc Vân |

The $11 billion Nord Stream 2 gas pipeline is the focus of Russia-Western tensions, putting the US in a difficult position with some of its European allies, divided by other European countries and within the US.

Germany's internal division due to Russia's Nord Stream 2 gas pipeline

Ngọc Vân |

The German ruling coalition government disagreed over the Nord Stream 2 pipeline carrying Russian gas to Germany, which has been completed but not yet approved by Berlin.